XRP’s Bullish Trajectory Holds Strong: Analyst Predicts $33 Target as Historical Support Signals Rally
A prominent market analyst has revealed a compelling selling strategy for XRP, targeting $33, as historical data continues to show an intact uptrend. The analysis highlights a critical support trendline that has historically dictated momentum shifts, with the last major rally occurring in March 2017 after months of consolidation. The current bullish trajectory suggests XRP could be poised for another significant upward movement, mirroring past performance.
Analyst Reveals XRP Ultimate Selling Strategy Toward $33 As Historical Data Shows Uptrend Intact
XRP’s bullish trajectory remains unbroken, according to historical chart analysis. A prominent market analyst highlights a critical WHITE support trendline that has historically dictated the asset’s momentum shifts. This threshold between bullish and bearish phases last triggered a major rally in March 2017 after months of consolidation.
The analyst’s recently revisited chart suggests XRP could replicate this pattern despite its current struggle at the $2 resistance level. Notably, the 2017 breakout saw brief interruptions—similar to current market conditions—before continuing its ascent. Technical indicators point to potential growth beyond current valuations, with a long-term target of $33 emerging as a plausible scenario.
Analyst Predicts XRP Could ’Easily’ Surpass $10 This Cycle
XRP’s potential to reach double-digit valuations has reignited debate among crypto analysts following its recent surge to $2.65. While conservative estimates hover around $5, prominent trader DK64Trades argues the token could breach $10 based on expanding market dominance.
Historical patterns suggest XRP’s current 1.8% market share leaves ample room for growth, having previously peaked at 6.5% during bull cycles. The cross-border payment token’s institutional adoption and legal clarity post-SEC case are fueling this optimistic outlook.
Analyst Predicts XRP Could Surge 13-Fold to $30 Amid Legal Clarity
XRP’s prolonged legal battles appear to be nearing resolution, fueling Optimism among traders and analysts. One chartist highlights a potential thirteen-fold price increase to $30 by cycle’s end, citing Elliott Wave Theory.
The analysis tracks XRP’s monthly Heikin-Ashi chart since 2014, identifying the completion of four waves and an impending fifth wave breakout. The cryptocurrency’s multi-year consolidation aligns with Wave 4 corrections in Elliott Wave patterns, suggesting pent-up momentum.
Market observers note that technical formations mirror those preceding historical crypto rallies. While XRP has underperformed major assets during recent bull markets, the clearing regulatory overhang may catalyze catch-up momentum.
XRP Breaks Key Resistance as Bullish Momentum Builds
XRP surged 3% in 24 hours, testing the $2.60 level as technical indicators flip bullish. A prolonged bearish divergence on the 3-day chart has been invalidated with RSI printing higher highs—a classic trend reversal signal.
The cryptocurrency decisively breached the $2.46 resistance on daily charts, confirming a new uptrend. Market analysts interpret this breakout as the end of consolidation and the beginning of sustained upward movement.
XRP Community Fuels $1000 Price Speculation Amid Market Rally
XRP enthusiasts are amplifying bold price predictions as the cryptocurrency market rallies, with some targeting a $1,000 valuation. Crypto Twitter has become a breeding ground for unsubstantiated claims, ranging from BlackRock’s alleged billion-dollar investments to SWIFT’s purported adoption of XRP. The frenzy highlights the volatile intersection of hype and speculation in digital asset markets.
Despite the enthusiasm, credible sources remain scarce. Viral posts thrive on sensationalism—like fabricated claims about Apple acquiring XRP escrow years ago. The gap between community optimism and verifiable fundamentals underscores the challenges of navigating crypto narratives.
XRP Rockets to Third Place with CME’s Launch of Futures Contracts
XRP has surged to become the third-largest cryptocurrency by market capitalization, overtaking Tether with a valuation of $151 billion. The token’s price rose 2.5% in the past 24 hours, though trading volume declined sharply by 43% to $6 billion.
Market excitement centers on CME Group’s announcement of XRP futures contracts launching May 19. The derivatives giant will offer two contract types: micro contracts at 2,500 XRP for retail traders and standard contracts at 50,000 XRP for institutional players.
